Dec 9, 2012 11:00am PST
corker's view is different but we'll have to find spending cuts and we will. >> in fairness, senator corker, senator coburn, a bunch of people, have said -- it's not house speaker boehner but you're not president obama. they've been willing to say we're willing to raise the tax rates all the way up to the clinton rate, 39.6%. can you give us some specifics of things you would consider cutting in terms of social programs and in terms of entitlement reform? >> the bottom line, chris, is that would be negotiating against ourselves. president obama agreed -- >> isn't that what they just did? >> no. the bottom line is democrats, led by our president almost uniformly say here's our first 1.2 trillion of getting to the 4 trillion. revenues. it's up to the republican leadership prodded correctly and boldly by senator corker and others to say they'll go along with this and then we'll negotiating on the other side. it makes no sense to negotiate against ourselves? do you buy that, senator corker? >> look, chris. we have to have a $4.4 trillion solution. i know senator schumer, i've talked with
Dec 9, 2012 2:00pm EST
which the obama administration says would drive a wedge in the palestinians west bank and cut off east jerusalem from the rest of the west bank. my question is will israel develop that chunk or are you using that as a bargaining chip to say to the palestinians, you make trouble for us in the u.n. and international bodies, this is what we may do. if you don't, maybe we won't. >> the map is misleading. you saw the yellow chunk. that's a suburb where 40,000 israelis live. it's less than two miles of baron desert road from that suburb to jerusalem. that's e1, the road. and we have to worry about a situation in the future where the suburb could be cut off from jerusalem. it doesn't cut off the west bank. you can get from ramallah to bethlehem in the south by going around e-1. if there's true peace between us and the palestinians the problem is solved by a cloverleaf or tunnel underneath the road that links them to jerusalem but it was a way the israel government set down a marker. the palestinians violated agreements with us and united states by going to the u.n. all agreements state there'
Dec 5, 2012 3:00am PST
differences. boehner would cut much more. obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs we think we need to keep this economy growing. >> can i ask a question? what makes up the difference between the bowles-simpson proposals and the other ones? why is that so much higher? what are they leaving out? >> there were more tax increases. it was light on entitlements. >> okay. >> where did bowles-simpson get the revenue. >> they eliminated a whole slaw and lowering rates and also a tax on gasoline. >> they let the bush tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >> to the same extent? >> i would have to do the math. >> don't you do any homework? >> numbers cruncher. dad, thank you so much.
Dec 6, 2012 3:00am PST
are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during debt limit talks early next year. yesterday at a business roundtable of ceos, president obama took a hard line, warning his opponents not to consider this strategy. >> if congress in any way suggests that they're going to tie negotiations to dell creting votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game. >> well, i wonder, the president's saying, steve, that, you know what, we can raise rates now and maybe lower them later next year so republicans are now saying we can raise rates now. maybe we'll lower them later and we'll talk about it during the debt ceiling. now he's saying no, we're not going to talk about it then either. when would we have this debate when we were renaming post offices in july? can you clarify something for people that are watching? republicans are talking about raising taxes on
Dec 8, 2012 5:00am PST
saying and others who have looked at this problem, we've done enough cutting in discretionary spending. that shouldn't be part of the current discussion, and, in fact, it isn't. the things that people are talking about now, specifically very important people like president obama and speaker boehner, is the tax code and these programs that we sometimes call entitlements, medicare, medicaid and social security. those are the things that are on the table at the moment, not defense. unless the bargain fails, unless the two sides cannot get together and then the thing that will happen, and it will happen quickly, are drastic cuts in defense and domestic spending and an automatic increase in taxes. that is what must be avoided. just because the economy couldn't take it at this stage. we've had relatively slow growth in the economy, and though it seems to be picking up and the last jobs report was quite favorable, having a crash austerity program right now, that's what the fiscal cliff is, would be a big mistake. so the two sides have to get together on this grand bargain. >> well, we certain